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We analyze a Cournot duopoly market with differentiated goods and the separation between ownership and control. We … substitutability than it really has. This is so either because managers are biased and perceive the good in this way, or because firms …
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In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different … contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits … only rarely chosen in the experimental markets. This behavior is rational given that managers do not play according to the …
Persistent link: https://www.econbiz.de/10009781566
I propose a differential oligopoly game of resource extraction under (quasi-static) open-loop and nonlinear feedback …
Persistent link: https://www.econbiz.de/10011715908
This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …
Persistent link: https://www.econbiz.de/10009771871
-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as … voluntary trading. We find that prices and profits are substantially higher in duopoly than in triopoly and with proportional …
Persistent link: https://www.econbiz.de/10011411148
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where …
Persistent link: https://www.econbiz.de/10011737230
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the transparency of the transaction. The only way to prevent criminal and civil consequences (damages) for the managers …
Persistent link: https://www.econbiz.de/10008990429